Key Insights:
Polygon surpassed Ethereum in daily fees.
Polymarket drove most network activity growth.
Stablecoin usage on Polygon also climbed.
Token Terminal data showed Polygon generated over $407,100 in daily transaction fees on Friday, surpassing Ethereum’s $211,700 for the first time. The shift marked a rare reversal in fee leadership between the two networks. The move followed a surge in activity on prediction markets hosted on Polygon.
The Polygon fee surge altered short-term market narratives around Ethereum’s dominance. Polygon operates as a layer-2 scaling solution built on Ethereum, yet it briefly outperformed its base layer in daily fee generation. That dynamic placed fresh attention on Polygon’s transaction throughput and application-level demand.
Fee Surge Followed Concentrated App Activity
Growthepie co-founder Matthias Seidl stated on X that Polygon’s recent activity growth was “fully driven by Polymarket.” His data showed Polymarket generate
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